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PPG Industries (PPG) awards new phantom stock units to senior automotive coatings VP

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG Industries reported that Sr. VP, Automotive Coatings Alisha Bellezza received a grant of 0.6478 Phantom Stock Units, equivalent to common stock on a one-for-one basis, valued at $110.52 per unit. Her holdings in the PPG Deferred Compensation Plan increased to 165.7022 phantom units, which convert to common stock after employment terminates and fluctuate with the fair market value of PPG stock and cash in the plan’s unitized fund.

Positive

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Negative

  • None.
Insider Bellezza Alisha
Role Sr. VP, Automotive Coatings
Type Security Shares Price Value
Grant/Award Phantom Stock Units F1, F2, F3 0.6478 $110.52 $71.59
Holdings After Transaction: Phantom Stock Units — 165.7022 shares (Direct)
Footnotes (3)
  1. F1. The security converts to common stock on a one-for-one basis.
  2. F2. After termination of employment with PPG.
  3. F3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.
Phantom Stock Units Granted 0.6478 units Grant of phantom stock units on 2026-07-31
Grant Value Per Unit $110.5200 per unit Recorded transaction price per phantom stock unit
Total Phantom Units After Grant 165.7022 units Total phantom stock units held in Deferred Compensation Plan after transaction
Conversion Ratio 1:1 Each phantom stock unit converts into one share of common stock
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
unfunded unitized company stock fund financial
"represent interests in an unfunded unitized company stock fund comprised of stock and cash"
fair market value of the issuer's common stock financial
"may change from time to time ... depending on the fair market value of the issuer's common stock"

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FAQ

What insider transaction did PPG (PPG) report for executive Alisha Bellezza?
PPG reported that Sr. VP, Automotive Coatings Alisha Bellezza received a grant of 0.6478 Phantom Stock Units. These units are part of a deferred compensation arrangement and represent an interest linked to PPG common stock and related cash in a unitized fund.

What are the Phantom Stock Units granted to the PPG (PPG) executive?
The grant consists of Phantom Stock Units that convert to PPG common stock on a one-for-one basis. They represent interests in an unfunded unitized company stock fund comprised of PPG stock and cash within the Deferred Compensation Plan.

At what value were the Phantom Stock Units awarded to the PPG (PPG) executive?
The Phantom Stock Units were recorded at $110.52 per unit. This valuation applies to the 0.6478 units granted and reflects the per-unit value used for the deferred compensation award linked to PPG’s stock fund.

How many Phantom Stock Units does the PPG (PPG) executive hold after this transaction?
Following the grant, Alisha Bellezza holds a total of 165.7022 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan. This total can change over time as the fair market value of PPG stock and cash in the fund fluctuates.

When do the PPG (PPG) Phantom Stock Units convert into common stock?
The Phantom Stock Units convert into PPG common stock after termination of employment with PPG. Until then, they remain as book-entry interests in the Deferred Compensation Plan’s unitized company stock fund, tracking stock and cash values.

Was the PPG (PPG) insider transaction made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not affirmed for this transaction. The grant is reported as a compensation-related acquisition of Phantom Stock Units, not as a trade executed under a prearranged trading plan.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bellezza Alisha
(Last)(First)(Middle)
PPG INDUSTRIES, INC.
ONE PPG PLACE
(Street)
PITTSBURGH PENNSYLVANIA 15272
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP, Automotive Coatings
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)07/31/2026A0.6478 (2) (2)Common Stock0.6478$110.52165.7022(3)D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. After termination of employment with PPG.
3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.
Remarks:
/s/ Greg E. Gordon, Attorney-in-Fact for Alisha E. Bellezza08/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR